Grayscale: The battle for value on smart contract platforms
One way investors value assets in the smart contract platform crypto space is by analyzing their fee-generating ability over time.
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One way investors value assets in the smart contract platform crypto space is by analyzing their fee-generating ability over time.
The important thing about memes appearing on-chain is not how much they should be worth, but that blockchains are used as channels for their dissemination - because they have the potential to become a wider form of expression for society.
GBTC is a digital financial instrument designed to provide individuals interested in cryptocurrencies with investment opportunities in the Bitcoin market, eliminating the need for direct access to the underlying asset.
Grayscale Research’s analysis shows that traditional balanced portfolios can achieve higher risk-adjusted returns with a modest allocation to cryptocurrencies (approximately 5% of total financial assets).
Grayscale modifies its ETF approach to comply with SEC regulations, moving to a cash-only transaction system and excluding benefits from blockchain airdrops and forks.
Part Three: 3AC, Grayscale, Genesis, and DCG
While GBTC’s discount crossed a record 50% Monday morning, Grayscale is unlikely to act, industry watchers say.
Grayscale refused to provide a proof-of-reserve for its Bitcoin citing security risks.
Grayscale wrote: "Ethereum is like New York City: it's big, expensive, and crowded in some areas. However, it also has the richest application ecosystem."
“Ethereum is like New York City: It is vast, expensive and congested in certain areas. However, it also features the richest application ecosystem,” Grayscale wrote.